Newark, NJ -- September 10, 2001 - Net2Phone, Inc., (NASDAQ: NTOP), the leading provider of voice and enhanced services over IP networks, today announced that Telenor Global Services will use Net2Phone's worldwide Voice over IP (VoIP) network to route international calls to destinations throughout the world.

"With Net2Phone, Telenor can expand its impressive network to further strengthen its reach to the carrier market," said Kenneth Helfer, Vice President of Net2Phone Carrier Sales. "Telenor has consistently demonstrated a strong commitment to the viability of the Internet beyond the web, and we are pleased that they have chosen to use Net2Phone's services. We look forward to a long relationship with the company."

"We are excited to work with Net2Phone to further enhance our company's offerings to the wholesale carrier marketplace," said René Olsen, Sales Director of Telenor Global Services. "This relationship is important to Telenor as Voice over IP plays a significant role in the international wholesale market of today."

Net2Phone's fully redundant carrier-grade gateways connect to legacy telephony devices via T1, E1 or analog interfaces. By utilizing Net2Phone's existing Least Cost Routing capabilities, Net2Phone provides efficient toll quality audio, and can terminate calls to anywhere in the world.

Telenor Global Services AS provides international wholesale services to telecom operators and mobile operators throughout the world. TGS offers a broad portfolio of services including international voice termination, broadband capacity and GRX solutions. The company had a turnover of almost NOK 1.9 billion (US$ 220 million) last year. TGS is a part of the the Telenor group.

Telenor ASA is an international provider of high quality telecommunications, data and media communication services, with a particularly strong focus on mobile, Internet and broadband services. Headquartered in Oslo, Norway, the company is present in over 30 countries, with revenues of NOK 37.6 billion (US$4.3 billion) in 2000. Internationally, Telenor continues to target investments within mobile, Internet, TV-distribution and satellite communications, constantly providing its worldwide customers with leading-edge solutions at competitive prices. Telenor ASA is listed on the Oslo Stock Exchange (TEL) and Nasdaq in New York (TELN).

ABOUT NET2PHONE
Founded in 1995, Net2Phone is a leading provider of voice and enhanced services over IP networks to consumers, businesses and carriers worldwide. With millions of users around the world, Net2Phone enables toll-quality calls between computers, telephones, and broadband devices utilizing IP networks. Recognized as the first company to bridge the Internet with the public switched telephone network, Net2Phone has routed more than 1.5 billion minutes of traffic over its award-winning network. Traded on the NASDAQ under the symbol NTOP, Net2Phone's strategic partners and investors include AT&T, America Online, and Yahoo!. Net2Phone also offers enhanced hosted service solutions, including voice recognition, for businesses around the world. For more information about Net2Phone's products and services, please visit www.net2phone.com.